Tag: Prysmian

Cable giant Prysmian to buy Encore Wire in $4.2 billion deal

(Reuters) — Italy’s Prysmian announced a deal to buy US firm Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion) as it doubles down on a North American market that already powers its profits. Massimo Battaini, CEO-designate of the world’s largest cablemaker, described wire and cable maker Encore as a “strong […]